Avada Group Limited · ASX:AVD
Avada — H1 FY2023 Earnings Presentation
22 slides from Avada's earnings presentation, Feb 27, 2023
Slide 1: AVADA Group Limited 1H FY23 Results
AVADA Group Limited 1H FY23 Results 27 February 2023
Slide 2: Driving Operational Excellence
Driving Operational Excellence Advancing foundations for value creation
Slide 3: Important notice and disclaimer
Important notice and disclaimer This document dated 27 February 2023 has been prepared by AVADA Group Limited (ACN 648 988 783) (the Company) and is provided for information purposes only. It contains summary information about the Company and its activities and is current as at the date of this docu
Slide 4: Agenda
Agenda Overview Financials Business outlook Appendix AVADA Group Limited – 1H FY23 Results Page 4
Slide 5: Overview
01 Overview
Slide 6: 1H FY23 at a glance
1H FY23 at a glance Operational and financial highlights INVESTMENT IN ACQUISITION OF C O R P O R AT E T E A M U N D E R LY I N G CONSTRUCT U N D E R LY I N G TO SUPPORT REVENUE OF TRAFFIC EBITDA OF $7.1M GROWTH AND $90.6M COMPLETED I N T E G R AT I O N C E N T R A L I S AT I O N IT FINANCE AND O F
Slide 7: Who we are
Who we are Acquired 8 businesses on 15 December 2021 ahead of listing on the ASX. Acquired Construct Traffic in June 2022 (completed AVADA offers integrated traffic August 2022) management services, including planning permits, traffic control, equipment hire, Clients include state and local governme
Slide 8: AVADA overview
AVADA overview VEHICLES TRAFFIC CONTROLLERS* DEPOTS QLD 604 1,042 19 NSW 177 442 7 ` VIC 135 287 1 TOTAL 916 1,771 27 * Active employees AVADA Group Limited – 1H FY23 Results Page 8
Slide 9: Traffic Management Services
Traffic Management Services Traffic management is a legislative requirement and essential to all civil infrastructure and maintenance, resulting in consistent workflow from both new project investment and recurring maintenance requirements. TRAFFIC EQUIPMENT ONSITE TRAFFIC INCIDENT MANAGEMENT HIRE C
Slide 10: Addressable end-user segments of Traffic Management Services
Addressable end-user segments of Traffic Management Services Infrastructure Maintenance Government Civil construction Energy Local Government Roads and highways Water State Government Upgrades Repair and upgrades Federally funded AVADA Group Limited – 1H FY23 Results Page 10
Slide 11: Financials
02 Financials
Slide 12: Financial performance summary
Financial performance summary Summary income statement H122A H123A Growth in revenue in the existing business, supported by the acquisition of $'000s Underlying Underlying Construct Traffic. Revenue (incl. other income) 69,249 90,514 Rate increases implemented during the six months to 31 December 20
Slide 13: Balance sheet
Balance sheet The Group acquired the assets and liabilities of Construct Traffic, including property plant and 000s Jun-22 Dec-22 equipment $6.0m, right-of-use assets $0.8m and goodwill and intangible assets $5.5m related Current Assets to the acquisition. This is offset by financial liabilities rel
Slide 14: Operational update
Operational update Acquisition of Construct Traffic and integration (ongoing) Appointment of IT partner to drive strategy and consolidation of IT platform and significant efficiencies AVADA has continued to realise synergies from ongoing integration. Investing in functional team to support capabilit
Slide 15: Business outlook
03 Business outlook
Slide 16: Our clients and pipeline opportunities (selection)
Our clients and pipeline opportunities (selection) $110bn of federally funded infrastructure projects to be delivered within the next decade, in addition to state and council funded projects Infrastructure pipeline QLD PROJECT VALUE ($) Cross River Rail $5.4bn Network maintenance (Qld Gov.) $4.7bn G
Slide 17: Trading update & business outlook
Trading has returned to expected levels with normal weather conditions, in particular in Sydney from mid-October Progressing a centralised operating and management structure will improve the capability of the Group to respond to challenges and capitalise on opportunities Trading update & IT consolid
Slide 18: Appendix
A Appendix
Slide 19: Underlying earnings reconciliation
Underlying earnings reconciliation Underlying adjustments Non-reoccuring/ HY23 Actual Construct Construct deal Non-operating Contingent Impairment of HY23 $'000s Unaudited Pre acq. Trading costs items Consideration Intangibles Underlying (a) (b) (c) (d) (e) (f) (g) Traffic Management Revenue 84,540
Slide 20: Underlying earnings reconciliation
Underlying earnings reconciliation (a) Reported financial information for AVADA Group Limited for the six months ended 31 December 2022 (b) Adjustment to reflect the financial results of Construct Traffic for the period 1 July 2022 to 26 August 2022 (pre acquisition trading) (c) Adjustments reflect
Slide 21: Contact Us
Contact Us AVADA Group Limited ABN 57 648 988 783 Suite 1, Level 2, 116 Ipswich Road Woolloongabba QLD 4102 T 1300 321 995 E contact@avadagroup.com.au avadagroup.com.au
Slide 22: avadagroup.com.au
avadagroup.com.au ABN 57 648 988 783